Cisco's 25-Year Recovery: A Warning for NVIDIA Investors

The article revisits one of the stock market's most instructive episodes: when the dot-com bubble burst in 2000, shares of Cisco — once the world's most valuable company — collapsed by more than 80% and only recovered to their peak levels in 2025, roughly 25 years later. Investors who bought at the top endured a quarter-century wait to break even. Analysts now draw parallels with NVIDIA, whose shares have surged dozens of times in value amid the artificial intelligence frenzy. The central question is whether NVIDIA's current valuation multiples reflect a realistic growth scenario or whether the market has once again run far ahead of fundamentals. The Cisco story is not a prediction but a powerful caution for those entering NVIDIA at record levels today.